The First Cost You Should Cut By Alec Pleet
âYou Have to Spend Money to Make Moneyâ This old adage couldnât be more accurate when applied to the area of ongoing employee training and education. It is sometimes said that the best time to advertise is when no one else is. In a similar vein, training is a necessary component to surviving tough economic times and laying stepping stones for future success. When everyone else is making cuts in the area of employee education, you have the opportunity to secure an advantage over you competitors by implementing training programs. Besides, results from training are immediate; what is learned today can be applied on the sales floor to make more money the very same day. Train Your Winners You know a winning employee when you see him or her. They are recognizable from the minute they first interview for the job for their enthusiasm, savvy, and persuasiveness. These qualities ensure future sales success and are exactly why you hired them. âWinnersâ are the employees you should be training. Not only are winners an eager audience, but they are also the type to make the very most of the training they receive. Winning veteran employees will see their original enthusiasm and fire relit, whereas newer winners will be receptive to new ideas on how to make money and grow the business. Ride the Winners Too often training is aimed at your weakest consultants. You feel better training poor performers because you think that they need it most. Often, those poor results are a product of their attitude, not their skill level. Riding the winners makes sense. If you have someone that does 5 sales a month and they get 50% better after training, then youâve gained 2.5 sales. But, if a winner, who writes 20 sales per month gets just 25% better you gain 5 sales a month! Your best people already have the motivation and a successful base to build on. Help them succeed and the results will be there. It doesnât matter how many times you whip a nag, it wonât get to the finish line first. Train your thoroughbreds! Training is like a College Dorm Room It may seem like a strange analogy, but continually educating your employees is really like cleaning your college dorm room. You remember your student quarters, right? Small, cramped, and chaotic are words that may come to mind. If you were like most people, you let the tidiness level deteriorate until it was completely intolerable (or your parents came to visit). In hindsight, it would have made much more sense to do a little each day to maintain a consistent level of tidiness. The same concept can be applied to employee training, but instead of tidiness, weâre talking productivity. If you train on a regular basis, you will most likely maintain a high level of productivity. Poor Sales Figures = Poor Training If you are still making the same amount of money after implementing a sales training program as you were before, donât be tempted to make a cut and save money. Take a look at the quality of the training your employees are receiving. If your figures still havenât increased despite your investment, see this as a call to action to change the way you are training your employees. Increased or consistently high sales will always result from a solid, effective, and dynamic training program. Alec Pleet is Senior Vice President of Retail at Retail Business Development (RBD). RBD is a premier provider of retail management outsourcing, consulting and training services for the wireless industry serving wireless carriers, master agents and independent cellular dealers. For more information visit www. retailbusinessdevelopment.com or call 866.869.6975. |